Banking & Insurance
Reinvested earnings, debt note investments push 2023 FDI 30% higher
Foreign direct investment (FDI) net inflows sustained its growth momentum in December 2023, increasing by 29.9 percent year-on-year to reach USD826 million from the USD636 million net inflows in December 2022.
Treasury bills auction attracts strong demand; yields generally lower
The Bureau of the Treasury awarded the entire P15 billion worth of treasury bills offered at the auction Monday.
Aggregator-lender tie-up widens avenue for entrepreneur financing
Loan aggregator FundSpace has teamed up with BPI Business Banking, one of the nation's foremost financial institutions, to widen financial access and equip Filipino entrepreneurs with the tools they need to thrive.
Insurance penetration diminish further in data cited by Sun Life Grepa
The country's insurance penetration rate, defined as premium written as percent of local output growth or the gross domestic product (GDP), diminished further in 2023 to only 1.68 percent from 1.81 percent in 2023.
BSP declares stamped dollar notes as exchangeable currency bogus information
The Bangko Sentral ng Pilipinas (BSP) informs the public that it has not issued any directive that US Dollar “notes with stamps (money changer)...
